Explained
From Silk Road to today, dormant wallets and mixing tools are no longer enough to hide illicit funds onchain, as ZachXBT’s investigations continue to prove.
Ross Ulbricht News
Ross Ulbricht, also known as Dread Pirate Roberts, is the owner of the trading platform Silk Road. Silk Road was a platform for trading drugs, psychotropic substances and other illegal products. The website was working as a hidden service with Bitcoin as the main currency that was used as a payment method on the site because of its relative anonymity, transactions’ speed and Ross’s affection for digital currency. Ross Ulbricht’s net worth is estimated to be several millions of dollars, a result of charging a fee on every successful deal. In 2013, he was arrested on charges of drug trafficking, hacking attacks and conspiracy to commit money laundering. In 2015, Ross Ulbricht was sentenced to life imprisonment at the age of 31.
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Chainalysis told WIRED that it tracked a $31 million Bitcoin donation to online black market Silk Road founder Ross Ulbricht to a successor marketplace called Alphabay.
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ZachXBT says both the wallet addresses that sent Silk Road founder Ross Ulbricht 300 Bitcoin were active in 2014 and 2019 while he was in prison.
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Ross Ulbricht’s auction of personal belongings fetched more than $1.8 million in Bitcoin, with standout items like his prison ID card and artwork drawing top bids.
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Less than two months after receiving a pardon from US President Donald Trump, Silk Road founder Ross Ulbricht attended a March 4 joint session of Congress.
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The Office of the Pardon Attorney has a backlog of roughly 10,000 petitions. Unless a convict has political connections, the chances of clemency are slim.
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Wallets tied to recently freed Silk Road creator Ross Ulbricht listed tokens at the wrong price, which were then snapped up by a bot.
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Silk Road founder Ross Ulbricht, freed by Donald Trump’s pardon after more than 11 years in prison, called the US president “a man of his word.”
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The Silk Road founder’s financial status was unclear, but many crypto users have donated to his ”transition into his new life” since he received a presidential pardon.
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The Silk Road creator walked free on Jan. 22 after 12 years in prison. Wallets tied to him are rumored to be worth around $47 million.
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The Silk Road founder received a pardon from US President Donald Trump on Jan. 21 after being sentenced to life in prison in 2015.
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The community is celebrating Ross Ulbricht’s pardon, with many discussing how it could impact the public image of Bitcoin around the world.
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US President Donald Trump has followed through on his promise to pardon Ross Ulbricht, the founder of the online drug market Silk Road, who was imprisoned for over a decade.
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Donald Trump pledged to pardon Ross Ulbricht on his first day in office, likely making his name appealing to scammers ahead of the US presidential inauguration.
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“Immense gratitude to everyone who voted for President Trump on my behalf,” the Silk Road founder wrote in a November X post.
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